burn shorts burn.
ps, if I were a technical trader I would look for a major move after such narrow consolidation. Expansions usually follow contractions. Three tests on a support level would suggest the Expansion will be north easterly direction.
actually the trend of fe looks even more promising than the trend in fmg and since fmg trades mainly on the price of fe it would support an upward expansion in fmg share price.
I’ve not a technical trader though so please don’t take my word on it. Do your own research folks, etc etc…
FMG Technical Analysis, page-7561
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Last
$21.41 |
Change
-0.260(1.20%) |
Mkt cap ! $65.92B | |||
| Open | High | Low | Value | Volume |
| $21.52 | $21.67 | $21.30 | $150.5M | 7.000M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 93 | $21.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.41 | 12657 | 3 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| FMG (ASX) Chart |